Companies / TEA

TASMEA LIMITED

ASX:TEACapital Goods
280.5M shares on issueASX (delayed) · snapshot 28 Oct 2026282.5M fully diluted+0.7% if every option and right converts$9.55price · delayed$2.63BMarket capAt the previous close. On a day the price moves, shares × today’s price will differ. Prices delayed.

Today’s holders own 99.3% of what they think they own, once every option and right converts.

Low
Dilution risk

Share count grew 22% in 24 months; 5 cash raises in 24 months; 1% of shares in the money

MinimalVery high
Absolute levels — not a ranking against other companies.
Cash runwaycash-generative (no net burn)
Share-count growth (24m)22.1%
Raise cadence (24m)5 cash raises
Options & rights overhang0.7% of shares
In-the-money supply0.7% of shares
Pending proposed issuesnone

TASMEA LIMITED's ordinary share count grew 22.1% between October 2024 and September 2026, its latest share-count filing, to 281M shares. In the past 24 months, the company completed five capital raises totalling A$70.2M, most recently a A$43.0M placement in September 2025. Options and rights on issue could convert into 2M new shares, equal to 0.7% of current shares, of which 1% are in the money; the nearest expiry is June 2029. The latest cash report (a half-year/annual report) showed non-negative net cash flow, so no funding-runway figure applies. No proposed securities issues are pending.

AI-generated summary of this page's cited filings · updated 17 Oct 2026
Quick answers · 4

When did TEA last raise capital?

The last capital raise in Tasmea's filings is Placement of $43.0M announced 8 Sept 2025, one of 4 cash raises in 24 months.

How much placement capacity does TEA have left?

About 48% of the 15% placement capacity left, about 52% used in 12 months (estimate). Under ASX Listing Rule 7.1 a company may place up to 15% of its shares in 12 months without shareholder approval.

When do TEA's options expire?

Unexercised options and rights equal 0.7% of Tasmea's shares on issue; the nearest expiry is June 2029.

How much has TEA's share count grown?

Tasmea has 280.5M shares on issue as at 28 Oct 2026, up 22.1% over 24 months according to its Appendix 2A filings.

Get told when this changes
Get TEA alerts
Free for up to 2 companies. A daily email when TEA raises money, files a new share issue, drops below 2 quarters of cash or moves risk level.
0.7%
Options & rights overhang
0.7%
In the moneyAn option whose exercise price is below the last closing share price, so converting it pays. These are the options most likely to become new shares soon. supply
0
Raises · last 12 months
No net burn
Cash cover · cash-generative

Shares on issue — last 2 years

Ordinary shares on issue
Weekly counts from ASX records. Dots mark cash capital raises. Latest count 280.5M per ASX (delayed) (snapshot 28 Oct 2026).
240M260M280MDec 24Nov 25Oct 26Cash raise · 8 Sept 2025Cash raise · 27 June 2025Cash raise · 15 May 2025Cash raise · 30 Jan 2025280.5M

Cash runway

—
The latest annual report shows no net cash burn, so there is no cash-out date.
$66.9M cash after burn · operating cash flow only.
FILED $66.9M cash · year ended 30 June 2026
OURS our estimate, carried to todayOURSOur estimate for today. We take the cash in the company’s latest cash report, deduct spending since at its reported rate, and, for quarterly filers, add raises announced after it. It moves daily; announced money may not all be received yet.$66.9M cash at 30 Jun 2026 = $66.9M left (no net burn, so nothing is deducted)FILED as the company reportedFILEDAs the company stated it in its latest cash report. Dated to the end of that period, it does not change until the next report.
Free account
2 cash reports on record — Cash runway history
Cash, net spend and cover trend from every Appendix 4C/5B and 4D/4E on record up to 30 June 2026.
Free account: 2 full company unlocks every month, no card.
Unlock TEA freeSee plans

Issuance timeline

Latest 5 filings (Appendix 2AThe form a company lodges to have new securities quoted on the ASX. It restates how many of each class are on issue. quoted issues, 3G unquoted, 3H cancellations)

DateFormSecurityOn issue, per this filingSource
25 Sept 20262A · quoted issueTEA : ORDINARY FULLY PAID280.5MAppendix 2A
3 Sept 20262A · quoted issueTEA : ORDINARY FULLY PAID280.5MAppendix 2A
1 Sept 20262A · quoted issueTEA : ORDINARY FULLY PAID279.5MAppendix 2A
1 Sept 20263G · unquotedTEA : ORDINARY FULLY PAID276.5MAppendix 3G
12 Aug 20262A · quoted issueTEA : ORDINARY FULLY PAID276.5MAppendix 2A
Free account
31 filings on record — Full issuance history
Every quoted and unquoted issue and cancellation on record, plus unquoted securities (Appendix 4.2).
Free account: 2 full company unlocks every month, no card.
Unlock TEA freeSee plans

Securities on issue over time

Ordinary shares and every option and rights class, month by month over two years. The top edge is the fully diluted count.

Free account
Securities on issue, by class
How the share count and each option and rights class moved, month by month, with every number in a table.
Free account: 2 full company unlocks every month, no card.
Unlock TEA freeSee plans

Capital raises

4 cash raises in the last 24 months · 0 in the last 12 months

every 2.4 monthsaverage gap between raises
13.6 monthssince the most recent
30 Jan 2025 – 8 Sept 2025first to most recent in this window
$43.0M
Placement
At $4.30, 3.6% below the last close
8 Sept 2025 COMPLETE
Free account
12 issues (incl. 1 exercise or conversion) on record — Full raise history
Issue price, shares issued, brokers and stated purpose for every raise on record.
Free account: 2 full company unlocks every month, no card.
Unlock TEA freeSee plans

Forward supply

Every dated event on record that could add securities to the register — option expiries to their stated dates and proposed issues over the next 18 months, on one timeline.

Free account
1 dated event on record — Forward supply calendar
Option expiries and proposed issues on one forward timeline, with the securities each could add.
Free account: 2 full company unlocks every month, no card.
Unlock TEA freeSee plans

Placement capacity

How much stock a company can place without asking holders. Listing Rule 7.1 / 7.1ARule 7.1 lets a company issue up to 15% of its shares in 12 months without a shareholder vote. Rule 7.1A adds 10% for smaller companies whose holders approve it. allows 15% of ordinary securities in any 12 months, and every Appendix 3BNotice that a company proposes to issue new securities, such as a placement. The securities are not on issue until a later filing confirms it. states how much of it an issue uses.

About 48% of the 15% placement capacity left — about 52% used by Appendix 3B filings in the last 12 months (estimate, as at 2026-10-28). Holders passed a ratification we could not match to exactly one filing, or whose number of shares the result does not state, and shares issued with holder approval are not added to the base, so the true headroom may be higher.
Free account
Placement capacity — LR 7.1 / 7.1A
The filings behind the figure: every Appendix 3B in the window with what it says was issued under 7.1 and 7.1A, each row linked to its filing, and how many shares are left.
Free account: 2 full company unlocks every month, no card.
Unlock TEA freeSee plans

Pending proposed issues

No proposed issues (Appendix 3B) currently pending.

Options & convertible securities

0.7%
Options & rights overhang · of current shares
0.7%
In-the-money supply · at current price
2.0M
Potential new shares
June 2029
Nearest expiry
What a price move would switch on
1.0M2.0M$9.55 now0.25× today ($2.39) — 2.0M of the priced supply in the money, 0.7% of shares on issue0.5× today ($4.78) — 2.0M of the priced supply in the money, 0.7% of shares on issue0.75× today ($7.16) — 2.0M of the priced supply in the money, 0.7% of shares on issue1× today ($9.55) — 2.0M of the priced supply in the money, 0.7% of shares on issue1.25× today ($11.94) — 2.0M of the priced supply in the money, 0.7% of shares on issue1.5× today ($14.33) — 2.0M of the priced supply in the money, 0.7% of shares on issue2× today ($19.10) — 2.0M of the priced supply in the money, 0.7% of shares on issue3× today ($28.65) — 2.0M of the priced supply in the money, 0.7% of shares on issue5× today ($47.75) — 2.0M of the priced supply in the money, 0.7% of shares on issue10× today ($95.50) — 2.0M of the priced supply in the money, 0.7% of shares on issue0.25×0.5×0.75×now1.25×1.5×2×3×5×10×

At $9.55 today, 2.0M securities are in the money (0.7% of shares on issue). No price up to ten times today’s switches on any more priced supply.

  • Priced supply in the money at the price on the axis — the curve, and the only thing on it. Ten prices, sampled: between two of them the true figure lies between the two.
CodeSecurityTypeExercise priceExpiryOn issueSource
TEAAAOptionsPrice-triggered$1.5630 June 20292.0MFiling

“Nil” is a stated nil exercise price: nothing is paid to convert. An em dash means the filing names no exercise price at all. Security is read from the filing’s own class description; an em dash there means the description is not one this table labels. One row is one security class, at the number stated in the most recent quotation application that restated it — linked, and dated, in the last column. For what expires soon across other listed companies, see the options expiry calendar.

Free account
1 option line on record — In-the-money value & price ladder
What each line is worth in the money today, the price ladder to the next tranche that converts, and the filing description behind every code.
Free account: 2 full company unlocks every month, no card.
Unlock TEA freeSee plans

Director dealings

DateDirectorTypeSharesOptionsOtherValueSource
28 Aug 2026Jason Frank PrydeOther incentive1.0M1.0M—$1.6M3Y notice
6 July 2026Stephen Elliott YoungBuy on-market56k——$500k3Y notice
30 June 2026Trent Michael NorthoverOther incentive———$3k3Y notice
Free account
38 notices on record — Full dealing history
Every change-of-director's-interest notice on record, with direction and consideration.
Free account: 2 full company unlocks every month, no card.
Unlock TEA freeSee plans

Ownership

Free account
Top-20 holders & substantial holder notices
Top-20 register snapshot and substantial-holder movements, each linked to its source notice.
Free account: 2 full company unlocks every month, no card.
Create free account

Latest announcements

Headlines link to the source PDFs on the ASX announcements platform. Data as of 28 Oct 2026.